Form 4: Franklin BSP Realty Trust Director Jamie Handwerker Reports Share Acquisition and Disposal
SEC Form 4 Filing
Director Jamie Handwerker reports acquiring 6,816 shares of Franklin BSP Realty Trust common stock and disposing of 35,383 shares on May 29, 2024.
Summary
- On May 29, 2024, Jamie Handwerker, a director of Franklin BSP Realty Trust, Inc., acquired 6,816 shares of common stock at $0.
- On the same day, Handwerker disposed of 35,383 shares of common stock.
- Following these transactions, Handwerker beneficially owns 35,383 shares.
- The acquisition was related to restricted shares of common stock issued under the company's 2021 Equity Incentive Plan, which vest on the earlier of the 2025 Annual Meeting or May 29, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of transaction: acquisition and disposal of shares. |
| 05/29/2025 | Date restricted shares vest (or earlier at the 2025 Annual Meeting). |
| 05/31/2024 | Date of signature on the report. |
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